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Originally Posted by Trigga*happY
Instead of paying US govt, they trade shares in exchange for oil storage. The extra storage ability hopefully keeps the stocks from falling, as it can be moved to the june/july market.
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You dirty commie
Yeah perfectly good solution to me to help out the smaller producers but not the american way. They might broker deals to sell smaller companies to larger.
The real problem is that there is no storage, the SPR is "relatively" small and at capactity. If there was storage anywhere available then surely it would have been filled up by purchases of the just closed contracts.